Property Overview
This 1.5-storey home, built in 1945, sits on a generous 5,793 sqft lot in Central St. Boniface. With 1,334 sqft of living space, it presents a classic footprint. The basement exists but is noted as not renovated, and the property does not include a garage or pool. Its most recent sale was in December 2020 for $29,500, with a current assessed value of $31,200.
Key Characteristics & Appeal
This property’s primary appeal lies in its land and location rather than a turn-key living space. The lot size is notably above average for the Central St. Boniface neighbourhood, offering a rare amount of private outdoor space for the area. The home itself is a blank canvas, with an unrenovated basement and a vintage layout that invites modernization. Its assessed value is modest, especially when compared to city-wide averages, suggesting an entry point into a historically and culturally rich community.
It would suit a specific type of buyer: someone looking for a land-play, a hands-on renovator, or an investor seeking a foothold in St. Boniface. The buyer must be prepared for a project, as the value here is in the potential, not in immediate move-in readiness. A less obvious perspective is its appeal to a multi-generational household planning a future build or significant expansion, where the large lot provides flexible options that are hard to find closer to the core.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement remains in an original or unfinished state, likely lacking modern moisture protection, finished walls, or updated flooring. It should be evaluated for dampness, ceiling height, and the condition of foundational systems.
2. Why is there such a large difference between the assessed value and the average city-wide assessed value?
The city-wide average includes all property types and conditions. This home’s assessed value reflects its specific age, condition, and lack of renovations compared to the broader, more modernized housing stock across Winnipeg.
3. Is the large lot size a advantage for future plans?
Yes. The above-average lot for the neighbourhood provides flexibility for gardening, adding a garage, creating outdoor living space, or even future expansion of the home itself, subject to local zoning and permit regulations.
4. What are the considerations of a home built in 1945?
While offering solid construction, it may require updates to electrical wiring, plumbing, insulation, and windows to meet modern efficiency and safety standards. A thorough inspection is essential to understand the scope and priority of these updates.
5. How does the lack of a garage affect daily living and value?
It means relying on on-street parking and requires planning for vehicle security and winter weather. For some buyers, this is a trade-off for the character and location; for others, it may be a significant drawback that factors into renovation priorities or budget.